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Pension schemes are currently exempt from clearing requirements for over-the-counter derivatives under UK EMIR.

The US is not the only country that has been making legislative and regulatory changes in the pension and benefits area in response to COVID-19. Recently, the International Pension and Employee Benefits Association (IPEBLA) has been ...

Rentokil, a United Kingdom-based pest control company, moved to dismiss a proposed class action suit alleging it charged tobacco users more for health benefits than non-tobacco...

In the ongoing effort to help individuals impacted by COVID-19, Congress passed the Coronavirus Aid, Relief, and Economic Securities Act (CARES Act) on March 27, 2020.

Summary: In an effort to fight against the COVID-19 pandemic, while recognizing that the government must not hinder the delivery of essential services

The DOL explained that it may be unable to complete an assessment of the Fiduciary Rule by the current applicability date for the final rule.

On December 21, 2016, the SEC charged the former Director of Fixed Income for the New York State Common Retirement Fund (the "NYSCRF") with allegedly steering billions of dollars of NYSCRF assets...

The Boston Globe reported yesterday that the Massachusetts Pension Reserves Investment Management Board approved investment guidelines that would have the Board vote against directors of companies...

California legislators are advancing the proposed Private Equity Sunshine Act (SB 1319) amending the California Public Records Act to require expanded disclosure by California public investment funds, including...

A three-judge panel of the U.S. Court of Appeals for the Fourth Circuit seemed to express doubt over the propriety of class status during arguments in an Employee Retirement Income Security Act...

Under the Bipartisan Budget Act of 2015 ("BBA 2015"), Pension Benefit Guaranty Corporation ("PBGC") premiums for plan years beginning in 2025 are due one month earlier than normal.

In the past 10 years, there have been an increasing number of lawsuits asserting Employee Retirement Income Security Act of 1974 (ERISA) fiduciary claims.

The Department of Labor ("DOL") has sent a new, proposed fiduciary rule to the Office and Management and Budget ("OMB") for review. The text of the proposal is not yet public.

A federal judge in Rhode Island recently permitted several claims against Brown University to proceed in a lawsuit alleging that the university and its fiduciaries breached their fiduciary duties...

In February 2024, California State Senator Dave Cortese introduced Senate Bill (SB) 1299. The bill would add section 3212.81 to the California Labor Code to establish a workers' compensation...

Cigna Health and Life Insurance Company recently agreed to settle a proposed class action lawsuit following mediation. Plan participants claimed in the suit that Cigna violated the Employee...

In 2016, the Supreme Court held, in Montanile v. Board of Trustees of the National Elevator Industry Health Benefit Plan, that Section 502(a)(3) of the Employee Retirement Income Security Act...